Fawn Valley
Location & Info
The Fawn Valley Development is located off Wes Valley Road across from Nash and Acorn Streets in the Village of Lake Placid on 3.09 acres.
Townhouses
16 units in 4, two-story buildings.
Single Family Homes
6 houses on individual lots.
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Getting one step closer to owning the home you deserve is only a click away
A 2019 housing needs assessment determined that local households are less able to afford housing due to rising costs & lack of inventory. As a result, Fawn Valley was born. To be eligible for purchase, your total household GROSS annual income must be less than 200% of Area Median Income:
1 Member Household - $113,800
2 Member Household - $130,000
3 Member Household - $146,200
4 Member Household - $162,400
5 Member Household - $175,400
Funding Fawn Valley
The North Elba LEAF is a grant fund, established by the town of North Elba through the 2% increase in occupancy tax in 2019, has a mission “to provide funds for programs, activities, and facilities that will have direct benefits to our communities and improve the quality of place for both residents and visitors.”
With the infrastructure of Fawn Valley costing $400,000, LEAF funding has been a great help in covering construction costs.